Gradient Investments LLC Sells 86,626 Shares of PepsiCo, Inc. $PEP

Gradient Investments LLC trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 95.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,867 shares of the company’s stock after selling 86,626 shares during the quarter. Gradient Investments LLC’s holdings in PepsiCo were worth $543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of PEP. Nova Wealth Management Inc. purchased a new position in PepsiCo in the first quarter worth about $25,000. Evolution Wealth Management Inc. bought a new position in shares of PepsiCo in the 2nd quarter worth approximately $27,000. Legend Financial Advisors Inc. purchased a new position in shares of PepsiCo in the second quarter worth approximately $29,000. Vermillion & White Wealth Management Group LLC grew its position in PepsiCo by 107.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after buying an additional 121 shares during the period. Finally, Frazier Financial Advisors LLC increased its holdings in PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after buying an additional 122 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. HSBC lifted their price target on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. Piper Sandler lifted their target price on PepsiCo from $161.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, December 9th. Barclays upped their price target on PepsiCo from $142.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 10th. Royal Bank Of Canada lowered their price objective on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research report on Monday, September 15th. Finally, Wall Street Zen upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $158.75.

PepsiCo Stock Performance

NASDAQ PEP opened at $149.37 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $160.15. The business has a 50-day moving average price of $148.04 and a 200-day moving average price of $142.74. The firm has a market cap of $204.24 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 5.18 and a beta of 0.42.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. During the same period in the previous year, the firm earned $2.31 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, December 5th. PepsiCo’s dividend payout ratio (DPR) is presently 108.17%.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.